• RocketSpace

  Led · Equity · Aug 2016

  RocketSpace operates as a tech accelerator and membership workspace that has hosted more than 800 startups since its founding in 2011, with alumni including Uber, Spotify and Practice Fusion. The company provides programs and network access aimed at helping startups scale and enter new markets, particularly China. RocketSpace has been working in China for about 24 months to build partnerships and facilitate members’ market entry into cities such as Shenzhen and Beijing. It is planning international expansion including a London campus slated for 2017 and further expansion of its San Francisco headquarters. Financially, RocketSpace received a $336 million investment in 2016 to fund both local and international growth; the company does not disclose a valuation. Leadership says the capital will allow RocketSpace to expand its San Francisco campus and replicate its campus model abroad.

• Le Sports

  Participated · Series B · Mar 2016

  LeSports operates a comprehensive sports content platform, holding media rights to more than 300 major sporting events worldwide (covering roughly 10,000 matches) with over 70% exclusivity. The company combines event operations, streaming and new-media distribution, smart devices (notably the Super Bike launched in 2015) and services such as O2O training, gaming, e-commerce and ticketing. It has secured high-profile partnerships and rights, including exclusive Chinese Super League rights (as of February 2016), a three-year strategic MLB partnership for Greater China, and English Premier League rights in Hong Kong through 2019. LeSports has expanded via investments and acquisitions (e.g., Zhangyu TV and SodaSoccer) and holds a LeSports Innovation Fund with $772 million AUM. The company says it will enhance the LeSports content platform, expand its user base, acquire more industry resources, and develop additional premium smart devices and products. Financially, LeSports has completed a large Series B financing that significantly increased the unit’s valuation and total invested capital. LeSports operates sports content, broadcast production and event operations, claiming rights across 17 sports categories and 121 competitions and delivering roughly 4,000 event broadcasts annually. The company touts multi-signal feeds and multiple commentary channels and can produce football, basketball, tennis, golf, marathon and other events. Its business lines include event operation (including the International Champions Cup and packaged professional leagues), smart hardware (the LeSports “super bicycle” and planned action cameras) and O2O/paid value‑added services such as a sports mall, training, games and lottery. LeSports also runs grassroots campus and community competitions and stages sports-video awards and creative events. Headquartered in Beijing and established one year earlier, the company completed its first external financing at scale in this transaction. The financing diluted prior holdings: after earlier equity adjustments LeTV’s stake had fallen below 15% while Leshi Holding held 55% control, and both were partially diluted by this round.

• Azul SA

  Led · Equity · Nov 2015

  Azul SA is a commercial airline that filed for Chapter 11 bankruptcy protection in May after months of attempting to restructure debt largely incurred during the pandemic. Its core business is providing passenger air travel services. To stabilize operations and improve its balance sheet, the company has signed an agreement for a $650 million capital commitment, which forms part of a broader planned capital increase. The infusion still requires approval from the U.S. bankruptcy court overseeing Azul’s reorganization. If approved, the funds will supply much-needed liquidity as the airline continues to negotiate with creditors and streamline its capital structure. No operating metrics such as revenue or passenger numbers were disclosed in the article. Future plans focus on completing the restructuring process and emerging from bankruptcy with a stronger financial foundation.

No current team members are available.